Greenspan and Benjamin Bernanke... ignored the evidence because they were blinded by their ideology and the infallibility of the markets. They were p… - John Komlos

Although scientists have been interested in the study of human height from a medical, biological, or anthropological point of view for centuries, economic historians became aware of the implications of quantifying al status only recently.

They were also disregarding the real true unemployment rate... even in January of 2016, among African Americans 16%... were unemployed... so this is not full employment... and by education, among African Americans [those who did not finish high school] 32% were unemployed. Now you know why the George Floyds get into trouble with the law. They are not able to find their place in the legal labor market. ...So this is what Marty Feldstein and Donald Trump think of [as] a good economy. Not in my view!

[W]hile income determines the position of the for food, an individual who purchases food at higher market prices might consume less of it than a self-sufficient peasant isolated from the market... even if the income of the former is greater...